Pursuant to regulations 30 & 33 of the SEBI (LODR) regulations 2015, we wish to submit the outcome of the monitoring committee meeting held on 01.05.2026 to consider and approve the following: 1. ....
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Rajeswari Infrastructure Ltd has submitted its Q3 FY2025 (ended December 31, 2025) unaudited financial results following the approval of its Resolution Plan by NCLT on January 13, 2026. The company reported minimal revenue of Rs. 0.03 lakhs and a net loss of Rs. 3.65 lakhs for the quarter, with nine-month losses totaling Rs. 9.72 lakhs. The statutory auditor issued a disclaimer of opinion citing inability to verify assets, inventories, and tax balances. Critical concerns include CIRP liabilities of Rs. 35.34 crore being classified as contingent rather than provisioned, potentially understating net loss by Rs. 22.66 crore. The Monitoring Committee, chaired by former Resolution Professional Sanjay Mehra, now oversees operations post-CIRP conclusion.
The disclaimer from auditors and understated liabilities raise significant concerns about financial statement reliability. The company remains in a fragile financial state with negative capital employed of Rs. 87.74 lakhs despite the resolution plan approval. Shareholders should monitor closely as material adjustments may be required once the approved resolution plan is given full effect.